Vietnam Exports Likely to Reach $70.8B in 2010
Vietnam is estimated to fetch $70.8 billion this year, soaring 24% from a year earlier, given strong growth in the first eleven months, an official of the Ministry of Industry and Trade said.
The expected export growth will quadruple the government’s earlier target of 6% for the year, Deputy Minister of the MoIT Nguyen Thanh Bien said at a meeting held Nov 29.
The country’s imports will reach nearly $83 billion in 2010, resulting in the country’s trade deficit of $12 billion or 17% of its export sum, he added.
Vietnam’s exports have soared 24.5% on-year to $64.281 billion between Jan and Nov while its imports have risen 19.8% to $74.937 billion, the General Statistics Office said Nov 25.
Sixteen export staples of Vietnam reporting values of over $1 billion each during the period have included apparel, footwear, seafood, crude oil, electronics and computers, machinery and equipment, rice and rubber. (Vietnam & World Economy, GSO November Edition 2010)
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